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eXp World Holdings, Inc.（EXPI）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是eXp World Holdings, Inc.的1.2倍（$1.4B vs $1.2B），eXp World Holdings, Inc.净利率更高（-1.1% vs -7.3%，领先6.2%），eXp World Holdings, Inc.同比增速更快（8.5% vs 3.1%），诺唯真游轮控股自由现金流更多（$35.0M vs $11.9M）
eXp World Holdings是全球云原生房地产服务提供商，运营eXp Realty经纪网络，依托沉浸式3D虚拟园区支持代理人协作与日常运营，业务覆盖全球20余个国家的住宅及商业地产市场，同时提供按揭贷款、产权保险、从业者职业培训等配套服务。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
EXPI vs LINE — 直观对比
营收规模更大
LINE
是对方的1.2倍
$1.2B
营收增速更快
EXPI
高出5.4%
3.1%
净利率更高
EXPI
高出6.2%
-7.3%
自由现金流更多
LINE
多$23.1M
$11.9M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $-12.9M | $-100.0M |
| 毛利率 | — | 32.3% |
| 营业利润率 | -1.1% | 2.5% |
| 净利率 | -1.1% | -7.3% |
| 营收同比 | 8.5% | 3.1% |
| 净利润同比 | -35.7% | 79.4% |
| 每股收益（稀释后） | $-0.08 | $-0.44 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EXPILINE
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $954.9M | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $943.1M | $1.3B |
净利润EXPILINE
| Q4 25 | $-12.9M | — | ||
| Q3 25 | $3.5M | $-100.0M | ||
| Q2 25 | $-2.3M | $-6.0M | ||
| Q1 25 | $-11.0M | $0 | ||
| Q4 24 | $-9.5M | $-71.0M | ||
| Q3 24 | $-8.5M | $-485.0M | ||
| Q2 24 | $12.4M | $-68.0M | ||
| Q1 24 | $-15.6M | $-40.0M |
毛利率EXPILINE
| Q4 25 | — | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 99.9% | 32.8% | ||
| Q2 24 | 99.9% | 33.4% | ||
| Q1 24 | — | 33.4% |
营业利润率EXPILINE
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.3% | 2.5% | ||
| Q2 25 | -0.2% | 1.7% | ||
| Q1 25 | -1.1% | 4.3% | ||
| Q4 24 | -1.0% | -1.6% | ||
| Q3 24 | -0.7% | -38.6% | ||
| Q2 24 | 1.4% | 5.5% | ||
| Q1 24 | -1.9% | 7.6% |
净利率EXPILINE
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.3% | -7.3% | ||
| Q2 25 | -0.2% | -0.4% | ||
| Q1 25 | -1.2% | — | ||
| Q4 24 | -0.9% | -5.3% | ||
| Q3 24 | -0.7% | -36.3% | ||
| Q2 24 | 1.0% | -5.1% | ||
| Q1 24 | -1.7% | -3.0% |
每股收益（稀释后）EXPILINE
| Q4 25 | $-0.08 | — | ||
| Q3 25 | $0.02 | $-0.44 | ||
| Q2 25 | $-0.01 | $-0.03 | ||
| Q1 25 | $-0.07 | $0.01 | ||
| Q4 24 | $-0.06 | $-0.52 | ||
| Q3 24 | $-0.06 | $-2.44 | ||
| Q2 24 | $0.08 | $-0.46 | ||
| Q1 24 | $-0.10 | $-0.28 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $124.2M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $242.8M | $8.4B |
| 总资产 | $442.5M | $19.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EXPILINE
| Q4 25 | $124.2M | — | ||
| Q3 25 | $112.8M | — | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $115.7M | — | ||
| Q4 24 | $113.6M | $173.0M | ||
| Q3 24 | $130.4M | $409.0M | ||
| Q2 24 | $108.4M | $73.0M | ||
| Q1 24 | $109.2M | — |
股东权益EXPILINE
| Q4 25 | $242.8M | — | ||
| Q3 25 | $235.3M | $8.4B | ||
| Q2 25 | $218.4M | $8.6B | ||
| Q1 25 | $212.0M | $8.6B | ||
| Q4 24 | $204.9M | $8.6B | ||
| Q3 24 | $211.1M | $9.0B | ||
| Q2 24 | $220.3M | $4.9B | ||
| Q1 24 | $222.4M | $5.6B |
总资产EXPILINE
| Q4 25 | $442.5M | — | ||
| Q3 25 | $458.7M | $19.2B | ||
| Q2 25 | $481.2M | $19.4B | ||
| Q1 25 | $435.8M | $18.8B | ||
| Q4 24 | $390.7M | $18.7B | ||
| Q3 24 | $432.6M | $19.3B | ||
| Q2 24 | $457.4M | $18.8B | ||
| Q1 24 | $426.7M | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $13.8M | $230.0M |
| 自由现金流经营现金流 - 资本支出 | $11.9M | $35.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 2.5% |
| 资本支出强度资本支出/营收 | 0.2% | 14.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $109.0M | — |
8季度趋势，按日历期对齐
经营现金流EXPILINE
| Q4 25 | $13.8M | — | ||
| Q3 25 | $28.9M | $230.0M | ||
| Q2 25 | $36.1M | $258.0M | ||
| Q1 25 | $39.8M | $139.0M | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $46.0M | $186.0M | ||
| Q2 24 | $71.1M | $155.0M | ||
| Q1 24 | $60.7M | $105.0M |
自由现金流EXPILINE
| Q4 25 | $11.9M | — | ||
| Q3 25 | $26.6M | $35.0M | ||
| Q2 25 | $33.3M | $95.0M | ||
| Q1 25 | $37.3M | $-12.0M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $44.4M | $33.0M | ||
| Q2 24 | $69.7M | $-31.0M | ||
| Q1 24 | $59.3M | $-42.0M |
自由现金流率EXPILINE
| Q4 25 | 1.0% | — | ||
| Q3 25 | 2.0% | 2.5% | ||
| Q2 25 | 2.5% | 7.0% | ||
| Q1 25 | 3.9% | -0.9% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 3.6% | 2.5% | ||
| Q2 24 | 5.4% | -2.3% | ||
| Q1 24 | 6.3% | -3.2% |
资本支出强度EXPILINE
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | 14.2% | ||
| Q2 25 | 0.2% | 12.1% | ||
| Q1 25 | 0.3% | 11.7% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | 11.5% | ||
| Q2 24 | 0.1% | 13.9% | ||
| Q1 24 | 0.1% | 11.1% |
现金转化率EXPILINE
| Q4 25 | — | — | ||
| Q3 25 | 8.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.75× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EXPI
| North American Realty | $1.1B | 96% |
| International Realty | $42.2M | 4% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
